Published on 06/25/2025 at 02:48
(MT Newswires) -- Japanese shares closed higher on Wednesday as crude oil stayed near multi-week lows, supported by a ceasefire between Israel and Iran despite lingering tensions.
The Nikkei 225 rose 0.39%, or 151.51 points, to end at 38,942.07.
The fragile truce has held so far, though Israel has vowed a strong response to Iran's missile strikes following US President Donald Trump's claim that hostilities had ended.
A preliminary US intelligence assessment found that American airstrikes only delayed, rather than destroyed, Iran's nuclear program-contradicting Trump's claim it was "obliterated."
Brent crude rose 81 cents to $67.95 a barrel, while WTI gained 70 cents to $65.07, recovering slightly after sharp losses over the past two sessions.
On the economic front, the BOJ said the economy is recovering moderately but faces risks from US tariffs and elevated food prices.
While corporate wage hikes and investment continue, sentiment has weakened amid global uncertainty. Inflation remains subdued apart from a jump in rice prices.
Most policymakers supported holding rates steady, with JGB purchases set to slow from April 2026. Officials urged the BOJ to remain flexible to preserve stability.
Among corporate moves, SBI Holdings will fully repay about 230 billion yen in public funds for SBI Shinsei Bank on July 31. SBI will cover the entire cost and is still discussing repayment details and financial impact.
Daiwa Securities Group is teaming up with Samty Holdings and Hillhouse Investment to raise 100 billion yen for a new real estate fund focused on Japanese rental housing and hotels, Bloomberg News reported.
Kitazato Corp. reported a 4.6% drop in full-year profit to 3.79 billion yen, while EPS fell to 94.72 yen. Net sales rose 2.2% to 10.30 billion yen.

Sumber : MT Newswires